Legally that is not true. Nor is it in practice. If a custodian doesn't redeem tokens, they lose rep and they probably go to jail. Especially true if there is a long record of audits of the physical gold. Then you have a good case to get them on theft.
What the chain says
- Block
- 643 452
- Time
- 2020-07-13T01:53:09Z
- Signer
- 17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2584
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY Verified